HYBE Reports Record Revenue and Profits in 2023, Driven by Album Sales and Concerts

The K-pop giant's revenue surged to $1.67 billion, with significant contributions from Seventeen, Tomorrow X Together, and NewJeans.

HYBE's 2023 revenue reached 2.18 trillion won ($1.67 billion), marking a 22.6% increase from the previous year.
Album sales nearly doubled to 43.6 million units, with Seventeen leading at 15.9 million album sales in Korea.
Concert revenue grew by 39.1% to 359.1 billion won ($275 million), benefiting from a post-COVID recovery in the concert events market.
The acquisition of Quality Control boosted HYBE's global streaming revenue, contributing to a 70% growth in revenue from U.S. record labels.
Net profit soared by 288% to 186.5 billion won ($143 million), with Korea and Japan increasing their share of HYBE's revenue.